Togo: Inflation stood at 6.0% in October

Economic governance
Monday, 04 December 2023 17:39
Togo: Inflation stood at 6.0% in October

(Togo First) - Togo recorded an inflation rate of 6.0% in October 2023, against 6.2% the month before. The data was published by the country’s Institute for Statistics, Economic and Demographic Studies (INSEED). The general price level in October decreased by 2.0% compared to July 2023, quarterly. This is mainly due to the regression of the "Food products and non-alcoholic beverages" consumption function index (-6.7%).

However, some categories recorded price increases, notably "Restaurants and Hotels" (+2.1%), "Education" (+3.8%), and "Clothing and Footwear" (+0.7%).

This was mainly due to price increases in several categories, including "Food products and non-alcoholic beverages" (+1.0%), "Restaurants and Hotels" (+2.0%), "Education" (+3.9%), "Miscellaneous Goods and Services" (+0.3%), and "Leisure and Culture" (+0.5%).

The general price level rose by 5.0% compared with October 2022.

Ayi Renaud Dossavi

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